[Gauntlet] - Supply Cap Recommendations (2024-09-03)
01Summary
Gauntlet proposes to increase the wstETH supply cap on USDC Mainnet Comet from 15,000 to 25,000 to improve capital efficiency.
- Type
- parameter change
Key changes
- Increase wstETH supply cap on USDC Mainnet Comet from 15,000 to 25,000(high)
Generated by Kvorum
02Description
[Gauntlet] - Supply Cap Recommendations (2024-09-03)
Summary
Gauntlet recommends the following risk recommendations to the protocol:
- Increase USDC Mainnet Comet’s wstETH Supply Cap from 15,000 to 25,000
Motivation
This recommendation aims to increase supply caps for wstETH on USDC Mainnet Comet. Gauntlet recommends to increase supply caps to increase capital efficiency within the Comets.
Full proposal and forum discussions can be found here.
Specification
The proposal updates the parameters by using the respective methods on the Configurator.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos
03Mismatch analysis
The description claims a single, specific change: raising the wstETH supply cap on USDC Mainnet Comet from 15,000 to 25,000. Action 0 directly matches this: it calls updateAssetSupplyCap on the Configurator with a cap value of 25000e18 (25,000 in standard 18-decimal units), targeting the USDC Comet and wstETH asset addresses referenced in the proposal. Action 1 (deployAndUpgradeTo) is the standard Compound III governance mechanism required to push Configurator changes live by deploying a new Comet implementation and upgrading the proxy — this is routine boilerplate for any Comet parameter change and does not need explicit mention in the description, consistent with the 'ignore routine emissions/boilerplate' guidance. No numeric, target, or directional mismatches were found between the prose and the calldata. Overall the proposal's calldata faithfully implements exactly what the description states, with no hidden or extra actions of consequence.
Generated by Kvorum
04Actions
- Target
- 0x316f…36e3
- Value
- 0 wei
- Function
- updateAssetSupplyCap(address,address,uint128)
- Arguments
{ "0": "0xc3d688B66703497DAA19211EEdff47f25384cdc3", "1": "0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0", "2": "25000000000000000000000" }- Calldata
- Target
- 0x1ec6…8779
- Value
- 0 wei
- Function
- deployAndUpgradeTo(address,address)
- Arguments
{ "0": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3", "1": "0xc3d688B66703497DAA19211EEdff47f25384cdc3" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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